Meeder Asset Management Inc. lessened its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,834 shares of the company’s stock after selling 1,611 shares during the quarter. Meeder Asset Management Inc.’s holdings in Big Lots were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Big Lots by 1.8% during the 2nd quarter. BlackRock Inc. now owns 5,110,859 shares of the company’s stock worth $213,532,000 after acquiring an additional 90,820 shares during the last quarter. LSV Asset Management boosted its stake in shares of Big Lots by 13.8% during the 2nd quarter. LSV Asset Management now owns 2,563,773 shares of the company’s stock worth $107,114,000 after acquiring an additional 310,800 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Big Lots by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,594,589 shares of the company’s stock worth $66,623,000 after acquiring an additional 132,458 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Big Lots by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 945,276 shares of the company’s stock worth $39,503,000 after acquiring an additional 128,370 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Big Lots by 1.2% during the 2nd quarter. Northern Trust Corp now owns 868,651 shares of the company’s stock worth $36,293,000 after acquiring an additional 9,884 shares during the last quarter.
A number of research firms recently weighed in on BIG. Bank of America began coverage on shares of Big Lots in a research note on Monday, November 5th. They set a “buy” rating and a $56.00 target price on the stock. ValuEngine upgraded shares of Big Lots from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 11th. Loop Capital lifted their target price on shares of Big Lots from $48.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, August 27th. TheStreet upgraded shares of Big Lots from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 target price on the stock in a research note on Wednesday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Big Lots has an average rating of “Hold” and an average target price of $51.73.
In other Big Lots news, EVP Lisa M. Bachmann sold 29,733 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $48.85, for a total value of $1,452,457.05. Following the sale, the executive vice president now owns 61,630 shares in the company, valued at approximately $3,010,625.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lisa M. Bachmann sold 7,517 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $48.85, for a total transaction of $367,205.45. Following the completion of the sale, the executive vice president now owns 61,630 shares in the company, valued at approximately $3,010,625.50. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
BIG opened at $42.82 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.32 and a current ratio of 1.69. Big Lots, Inc. has a fifty-two week low of $36.20 and a fifty-two week high of $64.42. The firm has a market cap of $1.75 billion, a P/E ratio of 9.62, a PEG ratio of 1.12 and a beta of 0.96.
Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, August 31st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.08). The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. As a group, equities analysts expect that Big Lots, Inc. will post 4.46 earnings per share for the current year.
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About Big Lots
Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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